Apollo Hospitals Rallies For 2nd Straight Day On Returning To Profit In June Quarter

Apollo Hospitals Share Price: On Tuesday, Apollo Hospitals opened on the BSE at Rs 4,359, swinging to an intra day high of Rs 4,956.95 and an intra day low of Rs 4,333.20

Apollo Hospitals Rallies For 2nd Straight Day On Returning To Profit In June Quarter

Shares on Apollo Hospitals settled 13.19 per cent higher at Rs 4,920.40 apiece on the BSE.

Shares of Apollo Hospitals Enterprise surged more than 13 per cent on Tuesday, August 17, to touch a 52-week high of Rs 4,956.95 after the company announced its April-June quarter results for the financial year 2020-21. On Tuesday, Apollo Hospitals opened on the BSE at Rs 4,359, swinging to an intra day high of Rs 4,956.95 and an intra day low of Rs 4,333.20, throughout the trading session. The healthcare major reported a net profit of Rs 489 crore in the first quarter of the current fiscal, compared to a net loss of Rs 208 crore in the year-ago period.

The company's revenue from operations in the June quarter stood at Rs 3,760 crore, compared to Rs 2,171 crore in the corresponding period last year, according to a regulatory filing by the firm to the stock exchanges.

The growth in revenue during the June quarter was mostly driven by the hospital segment, which increased 26.2 per cent quarter-on-quarter to Rs 1,941 crore. The company's revenue from the pharmacy distribution segment grew 35 per cent sequentially to Rs 1,512 crore in the April-June quarter.

During the quarter, the occupancy across the group was at 5,108 beds (67 per cent), compared to 2,742 beds (38 per cent) in the corresponding quarter last year.

On the NSE, Apollo Hospitals Enterprise opened at Rs 4,345, registering an intra day high of Rs 4,974, and an intra day low of Rs 4,3332.25, in the session today. Its shares settled 12.81 per cent higher at Rs 4,901.75 apiece on the NSE.

Shares on Apollo Hospitals Enterprises settled 13.19 per cent higher at Rs 4,920.40 apiece on the BSE.